Willdan (WLDN)
NASDAQ:WLDN
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.3Last Year’s EPS
1.5Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong operational and financial momentum: double-digit normalized revenue growth, record adjusted EBITDA, margin expansion, upgraded guidance, and strategic M&A (Burton, APG) that materially expand commercial exposure and recurring revenue. The primary negatives are short-term operating cash timing volatility, higher G&A from acquisitions and compensation, a temporary revolver draw to fund Burton, and timing/ramping risk on certain large contracts and niche hiring needs. Overall the positives are substantial and appear to outweigh the manageable near-term risks.Company Guidance
Revenue Growth (Normalized)
Contract revenue rose to $155.0M (2% YoY) and net revenue to $92.0M (8% YoY). Excluding an extra week in Q1 2025, contract revenue grew ~10% YoY and net revenue grew ~17% YoY, indicating solid underlying top-line momentum.
Record Adjusted EBITDA and Margin Expansion
Adjusted EBITDA reached a Q1 record of $18.1M, up 25% YoY (35% YoY when normalized for the extra week), representing 19.6% of net revenue. Gross margin expanded to 40.7% from 37.8% the prior year.
Strong Earnings and EPS Improvement
Adjusted EPS increased 44% YoY to $0.91. GAAP net income increased 82% YoY to $8.5M (96% when normalized) and GAAP diluted EPS was $0.55 versus $0.32 a year ago.
Raised Full-Year Guidance and Ambitious EBITDA Targets
Company raised FY26 guidance: net revenues $410M–$425M, adjusted EBITDA $100M–$105M, adjusted diluted EPS $4.90–$5.05. Management now targets long-term adjusted EBITDA margin in the high-20s (previously >20%). They expect adjusted EBITDA growth of ~26%–32% YoY for 2026.
Acquisition of Burton Energy Group — Strategic Expansion
Closed acquisition of Burton Energy Group (2025: ~$103M contract revenue, ~$15M net revenue, ~$7M EBITDA). Burton adds recurring, multi-year enterprise contracts, broadens Fortune 500 client relationships, expands commercial mix (commercial pro forma share expected to grow from 7% in 2024 to ~25% in 2026) and is expected to be accretive to margin and EPS in 2026.
APG Contribution and Data Center/Power Block Growth
APG business is performing strongly and is expected to more than double (possible near triple) this year, driven by large data center power block projects and diversification into battery storage (e.g., Puerto Rico BESS).
Notable Contract Wins and Growing Pipeline
Key wins include: $100M additional funding/2-year extension for SCE commercial EE program, $54M DASNY central plant upgrade, $27M New York Accelerator (3-year), $24M Ciro One Puerto Rico BESS, plus small National Grid contracts — indicating a robust pipeline.
Low Leverage and Liquidity Position (Pre/Post Acquisition Context)
Ended quarter with $28M unrestricted cash and $48M outstanding on term loan (net debt to adjusted EBITDA ~0.2x). Subsequent $30M revolver draw to fund Burton raises leverage to ~0.6x, but management expects full revolver repayment by year-end and maintains significant liquidity (undrawn $100M revolver and $50M delayed draw).
Market Tailwinds — Rising Electricity Demand
Management highlighted structural market drivers (data center growth, regional generation shortfalls, and increased investment in grid infrastructure) that increase long-term demand for Willdan’s engineering, grid and energy-efficiency services.
WLDN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WLDN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $74.47 | $88.39 | +18.69% |
Feb 26, 2026 | $119.60 | $89.14 | -25.47% |
Nov 06, 2025 | $85.27 | $90.94 | +6.65% |
Aug 07, 2025 | $89.11 | $113.65 | +27.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Willdan (WLDN) report earnings?
Willdan (WLDN) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Willdan (WLDN) earnings time?
Willdan (WLDN) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WLDN EPS forecast?
WLDN EPS forecast for the fiscal quarter 2026 (Q2) is 1.3.